Townhouse Investment Properties for Sale in Michigan City, IN
Fix & Flip
$ 149,900
ROI
23.7
Cash Flow/m
164- 3 Bed
- 2 Bath
- 1504 sft
1412 Larain Dr, Michigan City, IN, 46360
$ 559,900
ROI
23.2Cash Flow/m
480- 3 Bed
- 4 Bath
- 2245 sft
12 Moorebrooke Rd, Michigan City, IN, 46360
$ 559,900
ROI
23.2Cash Flow/m
480- 3 Bed
- 4 Bath
- 2245 sft
14 Moorebrooke Rd, Michigan City, IN, 46360
$ 569,900
ROI
22.8Cash Flow/m
420- 3 Bed
- 4 Bath
- 2245 sft
16 Moorebrooke Rd, Michigan City, IN, 46360
Why Invest in Michigan City, Indiana?
Investing in a townhouse in Michigan City offers an excellent opportunity due to its growing rental market and attractive average rental yields. This vibrant area has seen consistent property appreciation and a strong demand for rental properties, making it an appealing choice for investors. With an average cap rate of 8% and an average rent of $1,200, the financial prospects look promising.
10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rent for a townhouse in Michigan City is around $1,200 per month. This figure can vary based on specific locations and amenities.
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